MDWerks (NASDAQ: MDWK) director gets 46,546-share stock grant as compensation
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Brocopp Timothy reported acquisition or exercise transactions in this Form 4 filing.
MDWerks, Inc. director Timothy Brocopp received a grant of 46,546 shares of common stock on May 15, 2026 at a price of $0.13 per share. This award was issued quarterly under his November 18, 2024 Employment Agreement and the MDWerks, Inc. 2025 Equity Incentive Plan, with board approval under Rule 16b-3. Following this compensation grant, he holds 3,122,798 common shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Brocopp Timothy
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 46,546 | $0.13 | $6K |
Holdings After Transaction:
Common Stock — 3,122,798 shares (Direct, null)
Footnotes (1)
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Key Figures
Stock grant size: 46,546 shares
Grant price: $0.13 per share
Post-transaction holdings: 3,122,798 shares
3 metrics
Stock grant size
46,546 shares
Common stock awarded on May 15, 2026
Grant price
$0.13 per share
Reported value for stock grant
Post-transaction holdings
3,122,798 shares
Total common stock held directly after grant
Key Terms
Employment Agreement, 2025 Equity Incentive Plan, Rule 16b-3
3 terms
Employment Agreement financial
"pursuant to the Employment Agreement entered into between Reporting Person and the Issuer on November 18, 2024"
2025 Equity Incentive Plan financial
"issued under the MDWerks, Inc. 2025 Equity Incentive Plan"
Rule 16b-3 regulatory
"issued in accordance with Rule 16b-3 promulgated under the Securities Exchange Act of 1934"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
FAQ
What insider transaction did MDWerks (MDWK) report for Timothy Brocopp?
MDWerks reported that director Timothy Brocopp received a grant of 46,546 common shares. The award was issued as part of his compensation, not an open-market purchase, and reflects stock-based pay approved by the company’s board under its equity plan.
At what price was Timothy Brocopp’s MDWerks (MDWK) stock grant recorded?
The 46,546-share grant to Timothy Brocopp was recorded at $0.13 per share. This value is used for reporting the stock-based award and comes from a quarterly issuance tied to his Employment Agreement and the company’s 2025 Equity Incentive Plan.
Was Timothy Brocopp’s MDWerks (MDWK) transaction an open-market buy or a compensation award?
The filing describes the transaction as a grant or award acquisition, not an open-market buy. The 46,546 shares were issued as compensation under an Employment Agreement and equity incentive plan, with board approval under Rule 16b-3 rather than through a market purchase.